Posted on 04/17/2011 11:12:28 AM PDT by jimbo123
You have provided nothing to substantiate any of that!
Again, was the Soros entity’s funds in the form of an upfront investment in the project, or were the funds in the form of some emergency bailout after the project was underway?
If they were upfront funds, you need to have the moderator change the misleading headline.
Not.
Sorry, I would need to see the loan papers before I believed that. But anything is possible.
how did a smart guy like the donald think Conservatives, the largest voting block of the republican party, would miss this? i once learned that when dealing in real estate, in inflationary times, even if you make a mistake, the inflation will cover you. the donald’s basically a huge ego that got his initial down payment dollars from his austere pappy. he’s been ridin’ the community redevelopment act for decades. dollars to donuts says his real estate is hurtin’ for certin’ in these times. he’s leveraged to the hilt, and he’s bein’ squeezed like no one has ever been squeezed. why am i thinkin’ what he’s doin’ is a monumental con?
There are several unsupported and very specific assertions in this thread, including yours. I've seen mention that Grove Capital provided financing along with Deutsche Bank and others.
Were all those lenders making up "shortfalls", or just Grove, or were they all actually initial investors? From what I've read, they sound like initial investors.bailout of this Trump project.
Here's a little article. Sounds like an initial investment to me. Not a 'bailout' and not a 'shortfall'
OK, so I’m dense and dumb. Anything about finance beyond $5 is above my pay grade. Would you be good enough to connect the dots?
This article states that a “Fortress” group bailed out Trump’s Chicago deal. Soros isn’t a Fortress founder or partner, so how does he fit in? Sorry, but I am lost.
Trump has built virtually nothing for a decade. Investors and builders do the project, he sells a license to put his name on the tower, and helps with marketing and sales. Rarely is he financially involved. Smart move on his part, and he lost fortunes as a builder and owner. Trump Entertainment Resorts filed their third Chapter 11 bankruptcy, 2009, and the stock was delisted from the exchange. He's a laughable sideshow to the big casino guys, Wynn, Kirk Kerkorian, and Adelson.
3rd generation life long NY democrat. Part carnival barker, part thug. Insiders figure he's worth maybe 15% of what he claims, and a lot of that was luck; his Dad was a billionaire who cosigned the early loans (Hyatt). First trump bankruptcy, Daddy walked into casino and bought $3 million in chips to stop the locks being put on the doors. You can't believe one word out of his mouth.
But seeing as what wimps the republicans are, I'm all for his shaming Obama. His ego and mouth will keep him from going anywhere, but he is doing a good thing putting issues on the table and being a distraction. I hope he doesn't run.
Fear and lothing mean that Donald is on the right track. When every other article is about the criminal empty suit that sits in the white house, then these a-holes can start to throw rocks.
It’s funny to see all of the Trumpettes excuse his financial dealings with George Soros on multiple real estate deals, and not just the one in Chicago.
Soros has thrown The Kenyan under the bus has told Trump it’s time to pay the piper for all the loans and the Chicago bailout.
The good news is Soros’ plan to use Trump to divide the Tea Party won’t work.
And it’s good to get the birth certificate and college scholarship fraud news out there to a bigger audience via Trump, the stooge.
Yep, it was an initial investment in a project, back in 2004. But keep your conspiracy theory going. It's always something.
Just read the article. Appears Donald is the builder on that tower.
Yeah, why would I worry when one of the most prominent enemies of conservatism has such extensive business dealings with Trump? Silly me.
Both parties are two sides of the same coin. No doubt the display over the budget we are watching is a play orchestrated by puppeteers such as Soros who are executing their own agenda while we are distracted. Ultimately most of us will be living in crowded public housing, working dull and meaningless jobs and escaping into television and video games in our non working, non sleeping moments. The elites will continue running the show and living the good life as Obama demonstrates through his frequent vacations and parties.
Trump would have had to cough up $40 million or so of his own cash he personally guaranteed to Deutche Bank if he hadn’t gotten the bailout by Soros on the mezzanine financing. Trump isn’t as rich as he lets on.
Seriously. If The Donald needed a couple hundred million he should have called you or me, right?
Nothing like trying to downplay a direct connection between Trump and Soros. You Trumpettes are pretty pathetic in trying to make a case for the Donald.
Oct. 28, 2004 - Donald Trump has lined up three New York hedge funds, including money from billionaire George Soros, to invest $160 million in his Chicago skyscraper, a key piece in perhaps the largest construction financing in the city's history, according to real estate sources and public documents.
Link in #25.
The Soros bailout took place AFTER Deutche Bank foreclosed on the construction loan in 2008.
You Trumpette Soros apologists are pretty funny.
I think you're tangling up what happened in 2004, when Trump acquired the mezzanine loan from the Soros entity, and 2008 when the article you linked was written. Now, just how did Trump acquire a loan in 2004 to avoid using personal cash for a payment that came due to Deustch Bank in 2008?
And where are the links for that, or the description of that in the article you posted?
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